New Green Angle: Climate Change Is Killing Economy

“Congress this week is considering a $60 billion bill to pay for damages inflicted by Superstorm Sandy across three Northeastern states in late October. Though some Republican congressional members are balking at the sum, which the White House is requesting, New York, New Jersey and Connecticut say the damage is even greater, closer to $82 billion.

“In either case, these sums are nothing compared to the long-term price the U.S. will pay as a result of extreme weather caused by climate change, says Michael Hanemann, an economics professor specializing in climate change at Arizona State University.” [CNBC]